The move strengthens the medical solutions provider’s commitment to its existing Peterborough home and brings the firm’s total occupancy to 42,000 sq ft. This latest agreement follows a 4,602 sq ft expansion last year to support the company’s rapid growth.

Occupancy at Lynch Wood has now reached 90%, with only 25,000 sq ft remaining. This comes as landlord FIREM embarks on a multi-million-pound investment programme, which will provide additional Grade A office accommodation, a new restaurant and the introduction of an on-site gym later this year.

Coloplast specialises in the development of ostomy, continence, urology and wound care solutions for people with intimate healthcare needs. Its portfolio of products includes stoma and bladder products, as well as urologist surgical devices.

Having opened its first UK office in 1978, Coloplast established its base at Lynch Wood Park in 2009, and now employs 11,000 people globally, of which 300 are based at the Peterborough site.